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All-India CPI-IW Increases By 1.3 Points To 129.0 In May

The index is compiled for 88 centres and all-India and is released on the last working day of the succeeding month

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The All-India Consumer Price Index for Industrial Workers (CPI-IW) for May 2022 increased by 1.3 points and stood at 129.0, according to the report by the Labour Bureau of the Ministry of Labour and Employment. 

The ministry said that on a 1-month percentage change, it increased by 1.02 per cent with respect to the previous month compared to an increase of 0.42 per cent recorded between corresponding months a year ago.

The maximum upward pressure in the current index came from the food and beverages group contributing 0.79 percentage points to the total change. 

At the item level tomato, potato, soyabeen oil, sunflower oil, buffalo milk, fish fresh, poultry chicken, cooked meal, cooking gas, kerosene oil, bus fare, allopathic medicine, telephone charges etc. are responsible for the rise in the index. 

However, this increase was largely checked by onion, bitter gourd, chilli green, lemon, mango, watermelon, petrol for vehicles etc. putting downward pressure on the index.

At the centre level, Coimbatore recorded a maximum increase of 5.2 points followed by Salem and Jalandhar with 4.8 and 4.2 points respectively. 

Among others, 6 centres recorded an increase between 3 to 3.9 points, 19 centres between 2 to 2.9 points, 22 centres between 1 to 1.9 points and 24 centres between 0.1 to 0.9 points, it said. 

On the contrary, Yamunanagar recorded a maximum decrease of 1.5 points followed by Delhi with 1.2 points. Among others, 9 centres recorded a decrease between 0.1 to 0.9 points. The rest of the 3 centres’ indices remained stationary.

Meanwhile, year-on-year inflation for the month stood at 6.97 per cent compared to 6.33 per cent for the previous month and 5.25 per cent during the corresponding month a year before. 

Similarly, the food inflation stood at 7.92 per cent against 7.05 per cent in the previous month and 5.26 per cent during the corresponding month a year ago. 

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